SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPorvair Regulatory News (PRV)

Share Price Information for Porvair (PRV)

Share Price is delayed by 15 minutes
Get Live Data
830.00    14.00 (1.72%)
Bid:
824.00
Ask:
828.00
Spread: 4.00 (0.485%)
Market Cap: £382.60m
PRV Live PriceLast checked at - London Stock Exchange

Intraday Porvair Share Chart

Contract Win

19 Nov 2010 07:00

RNS Number : 4394W
Porvair PLC
19 November 2010
 



For immediate release November 2010

 

Porvair plc ("Porvair")

Contract win

 

Porvair today announces that its subsidiary, Porvair Filtration Group Ltd, has signed a long term agreement with Parker Aerospace ("Parker") to provide filtration systems for Parker's on-board aircraft fuel tank inerting systems. The agreement secures sales to Porvair of up to $40M over 10 years.

 

Porvair and Parker have been collaborating for several years on the development of aircraft fuel tank inerting systems. These systems, supplied by Parker, are incorporated into passenger aircraft such as those manufactured by Boeing and Airbus.

 

Parker's lightweight system removes oxygen from a source of engine bleed air with an air separation module (ASM), before delivering nitrogen-enriched air into the aircraft fuel tanks. These ASM modules are particularly sensitive to contamination and are protected by Porvair's filtration system. The implementation of fuel tank inerting has been the subject of global regulation.

 

Scott Pearson, Parker Aerospace Fluid Systems Division Business Unit Manager of Fuel and Inerting, commented:

"Our alignment with Porvair as supplier of this critical filtration equipment is a testament to their technical capability and delivery performance to date. Their products ensure our inerting systems remain at the forefront of the technology."

 

Ben Stocks, Chief Executive of Porvair, said:

"This agreement comes towards the end of a good year for Porvair and is the result of many years of investment in new products. It is testament to the excellent design and engineering undertaken by the Porvair Filtration Group in Fareham. We are delighted to work with Parker on existing and future projects".

 

For further information, please contact:

Porvair plc

01553 765 500

Ben Stocks, Chief Executive

Chris Tyler, Group Finance Director

Buchanan Communications

0207 466 5000

Charles Ryland / Helen Chan

 

Notes to editors

 

Porvair plc

Porvair is a group of specialist filtration and environmental technology businesses. Its products are used in a range of niche filtration and environmental technology markets, and are derived from its expertise in the design and manufacture of filtration systems. Its Seal Analytical business is a market leader in the manufacture of laboratory based water analysis equipment.

 

Parker Aerospace

Parker Aerospace is an operating segment of Parker Hannifin Corporation. Parker Aerospace designs, manufactures, and services hydraulic, fuel, flight control, fluid conveyance, and engine components and systems for aerospace and other high-technology markets. Based in Irvine, California, its product lines include primary and secondary flight control actuation, power generation and control components, thrust-reverser actuation systems, electrohydraulic servovalves, electric motor-driven hydraulic pumps, fuel pumps, motor-operated valves and fuel equipment, lubrication oil reservoirs, lubrication and scavenge pumps, fuel measurement and management systems, cockpit instrumentation, flight inspection systems, lightning-safe products, pneumatic subsystems and components, fluid metering delivery and atomization devices, wheels, brakes, and fluid conveyance products such as hoses, tubes, disconnects, and fittings.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTFFDFDAFSSELF
Date   Source Headline
8th Feb 200512:38 pmRNSHolding(s) in Company
28th Jan 20054:50 pmRNSHolding(s) in Company
28th Jan 200510:53 amRNSHolding(s) in Company
25th Jan 20057:00 amRNSContract Win
25th Jan 20057:00 amRNSFinal Results
21st Jan 20052:25 pmRNSBoard Changes

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.